>A Guardian investigation last month [revealed](https://www.theguardian.com/technology/2026/mar/09/revealed-uks-multibillion-ai-drive-is-built-on-phantom-investments) many of these were “phantom investments” and a supercomputer scheduled to go live in 2026 was this March still a scaffolding yard in Essex. That supercomputer was to be built by Nscale, a UK firm that had never built a datacentre before but said it was aiming to deliver the project in 2027. Nscale was also to build key datacentres for Stargate UK.
Sounds entirely on brand for an AI company really. Doubt much of the trumpeted benefits would ever have really been realised, at least in a way that didn’t end up costing us in some other way.
FelisCantabrigiensis on
Remember that (a) Sam Altman lies all the time and (b) most „AI“ investments, particularly ones involving OpenAI, turn out to be imaginary and no money ever moves and nothing is ever built.
Smoke, mirrors, and bullshit – all of it.
Regular_Block9876542 on
This seems to happen so often. You get the big announcement with politicians and plenty of hype around huge investment then not even a fraction of what was promised gets delivered.
Deervember on
Good, open Ai and chatGPT are the shittest of all the Ai.
Bubble can’t burst fast enough.
hardy_83 on
So is the skyrocketing cost of storage and ram due to hardware actually being bought, or is it on paper purchases only and the stock is still there and just being fueled by greed?
Foreign_Main1825 on
The Guardian really needs to interview better „experts“. The idea that gamers will be snatching up a £30,000 Blackwell 200 chip is ridiculous.
JackStrawWitchita on
Why doesn’t the UK government partner with EU based Mistral and/or invest in UK AI tech? We need to stop being so dependent on the increasingly autocratic and erratic USA for all things tech.
WastelandOfConfusion on
We don’t need any investments from a filthy man who touched up his younger sister. Sam Altman is disgusting.
MilosEggs on
Open Ai lied about investment and now the lie is over.
meharryp on
this is why the government inviting AI investment was a dumb idea. these companies are running constantly at a loss and any promise of investment is only predicated on exploiting lax regulation to extract more money back to the states. they all overpromise and always underdeliver
Equivalent_Tea_8025 on
People whining about OpenAI and not the fact that UK policies have led to every company in the world treating the UK like OpenAI just has… INCREDIBLE.
We have the highest energy costs in the world and its entirely self-sabotaged. Leaders have literally committed treason and decided the UK should go all in on green energy, net zero policies that lead to highest energy costs in the world (meaning we just import russian gas and oil), become a welfare state, become a home-nation to refugees, kill off all of its industries, force out all UHNWI’s and corporations with the most harmful tax policies… I could go on.
ftatman on
My country needs to give its people fulfilling work to create a prosperous happy society. Yet here it is giving our money to companies whose entire purpose is to reduce the labour costs of companies by enabling them to downsize…?
Societies are not companies. The criteria for success is completely different. This feels like a bad move.
TheCharalampos on
Goverment count your lucky stars ya morons! Tying so much money in a company that will be imploding any moment now.
Dependent-These on
I think its convenient to blame the energy prices and regulation etc but lets be real this was never going to happen, id be surprised if there was a single shovel on the ground on any of it
Astriania on
Almost like it was never real in the first place, and just an attempt to get tax concessions.
chronicnerv on
This is going to be one hell of a global crash. My grandparents have always told me what it was like growing up during and after the world wars, and now we’re having similar conversations, about the possibility of moving from a time of abundance into one of rationing and scarcity again. In a slightly twisted way, I suppose they’re privileged to have lived long enough to see it beginning again.
crankyteacher1964 on
Never believed it would happen. That deal was announced whilst Trump was being fawned over by the UK elites; Trump basically told the tech companies to throw the UK a bone to keep them on side, he certainly is not going to insist that Open Assholes keep their word.
However, it also wouldn’t surprise me if Trump told the Open Assholes to withdraw because we aren’t supporting his war tantrums.
Greg-Normal on
And what’s Beaker got to say about wanting net zero but encouraging 150 x 55MW datacentres ?
What is the point of trying to cool things down and then generating 8.3Gigawats of heat ?
It’s as bad as Geta’s government wanting to put them under the Arctic ocean – how much ice is that going to melt?
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>A Guardian investigation last month [revealed](https://www.theguardian.com/technology/2026/mar/09/revealed-uks-multibillion-ai-drive-is-built-on-phantom-investments) many of these were “phantom investments” and a supercomputer scheduled to go live in 2026 was this March still a scaffolding yard in Essex. That supercomputer was to be built by Nscale, a UK firm that had never built a datacentre before but said it was aiming to deliver the project in 2027. Nscale was also to build key datacentres for Stargate UK.
Sounds entirely on brand for an AI company really. Doubt much of the trumpeted benefits would ever have really been realised, at least in a way that didn’t end up costing us in some other way.
Remember that (a) Sam Altman lies all the time and (b) most „AI“ investments, particularly ones involving OpenAI, turn out to be imaginary and no money ever moves and nothing is ever built.
Smoke, mirrors, and bullshit – all of it.
This seems to happen so often. You get the big announcement with politicians and plenty of hype around huge investment then not even a fraction of what was promised gets delivered.
Good, open Ai and chatGPT are the shittest of all the Ai.
Bubble can’t burst fast enough.
So is the skyrocketing cost of storage and ram due to hardware actually being bought, or is it on paper purchases only and the stock is still there and just being fueled by greed?
The Guardian really needs to interview better „experts“. The idea that gamers will be snatching up a £30,000 Blackwell 200 chip is ridiculous.
Why doesn’t the UK government partner with EU based Mistral and/or invest in UK AI tech? We need to stop being so dependent on the increasingly autocratic and erratic USA for all things tech.
We don’t need any investments from a filthy man who touched up his younger sister. Sam Altman is disgusting.
Open Ai lied about investment and now the lie is over.
this is why the government inviting AI investment was a dumb idea. these companies are running constantly at a loss and any promise of investment is only predicated on exploiting lax regulation to extract more money back to the states. they all overpromise and always underdeliver
People whining about OpenAI and not the fact that UK policies have led to every company in the world treating the UK like OpenAI just has… INCREDIBLE.
We have the highest energy costs in the world and its entirely self-sabotaged. Leaders have literally committed treason and decided the UK should go all in on green energy, net zero policies that lead to highest energy costs in the world (meaning we just import russian gas and oil), become a welfare state, become a home-nation to refugees, kill off all of its industries, force out all UHNWI’s and corporations with the most harmful tax policies… I could go on.
My country needs to give its people fulfilling work to create a prosperous happy society. Yet here it is giving our money to companies whose entire purpose is to reduce the labour costs of companies by enabling them to downsize…?
Societies are not companies. The criteria for success is completely different. This feels like a bad move.
Goverment count your lucky stars ya morons! Tying so much money in a company that will be imploding any moment now.
I think its convenient to blame the energy prices and regulation etc but lets be real this was never going to happen, id be surprised if there was a single shovel on the ground on any of it
Almost like it was never real in the first place, and just an attempt to get tax concessions.
This is going to be one hell of a global crash. My grandparents have always told me what it was like growing up during and after the world wars, and now we’re having similar conversations, about the possibility of moving from a time of abundance into one of rationing and scarcity again. In a slightly twisted way, I suppose they’re privileged to have lived long enough to see it beginning again.
Never believed it would happen. That deal was announced whilst Trump was being fawned over by the UK elites; Trump basically told the tech companies to throw the UK a bone to keep them on side, he certainly is not going to insist that Open Assholes keep their word.
However, it also wouldn’t surprise me if Trump told the Open Assholes to withdraw because we aren’t supporting his war tantrums.
And what’s Beaker got to say about wanting net zero but encouraging 150 x 55MW datacentres ?
What is the point of trying to cool things down and then generating 8.3Gigawats of heat ?
It’s as bad as Geta’s government wanting to put them under the Arctic ocean – how much ice is that going to melt?